EUR/GBP Surging.
EUR/GBP is very volatile. The pair has surged toward 0.9000. Hourly resistance is given at a distance at 0.8742 (16/07/2017 low). Downside risks are important.
In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 psychological level.
EUR/CHF Pushing higher.
EUR/CHF is still trading above psychological level at 1.1000 and the pair is approaching 1.1100. Selling pressures are growing at the moment. Hourly support is located at a distance at 1.0922 (30/06/2017 low). Expected to inch higher.
In the longer term, the technical structure is mixed. Resistance can be found at 1.1200 (04/02/2015 high). Yet,the ECB’s QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).
BITCOIN Surging.
Bitcoin has well recovered after the sell-off this weekend. Hourly resistance can be found at 2417 (13/07/2017 high) has been exploded and hourly support looks very far at 1852 (14/07/2017 low). Expected to show some further retracement. Still good to enter buying orders below 2000.
In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will consolidate above $1500. Long-term support is given at $1464 (04/05/2017 low).
